December 27, 2023 - December 29, 2023

HRH Next Services IPO Subscription Details

HRH Next Services IPO Subscription Status Live

HRH Next Services IPO subscribed 66.29 times. The public issue subscribed 63.61 times in the retail category, 66.91 times in Other category by December 29, 2023.

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Others	66.91	1,263,000	8,45,04,000	304.21
Retail Investors	63.61	1,260,000	8,01,45,000	288.52
Total *	66.29	2,523,000	16,72,50,000	602.10

Total Application : 26,715 (63.61 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 135,000 equity shares not included.

HRH Next Services IPO (Day-wise) Subscription Details (times)

Date	Other	Retail	Total
Day 1 December 27, 2023	1.12	4.83	2.98
Day 2 December 28, 2023	4.40	17.33	10.86
Day 3 December 29, 2023	66.91	63.61	66.29

HRH Next Services IPO Shares Offered

HRH Next Services IPO is a public issue of 2,658,000 equity shares. The issue offers 1,260,000 shares to retail investors, 1,263,000 shares to other investors. The other investors include applicants other than retail i.e. HNI, corporates, institutions, (NII and QIB).

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Market Maker	135,000	0.49	5.08%
Other	1,263,000	4.55	47.52%
Retail	1,260,000	4.54	47.40%
Total	2,658,000	9.57	100%

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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HRH Next Services IPO Subscription FAQs

The HRH Next Services IPO is subscribed 66.29 by December 29, 2023.